Richard P Slaughter Associates Inc Sells 2,482 Shares of Ares Capital Co. (NASDAQ:ARCC)

Richard P Slaughter Associates Inc trimmed its position in shares of Ares Capital Co. (NASDAQ:ARCCFree Report) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,349 shares of the investment management company’s stock after selling 2,482 shares during the period. Richard P Slaughter Associates Inc’s holdings in Ares Capital were worth $1,781,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in shares of Ares Capital by 2,104.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,613,285 shares of the investment management company’s stock worth $756,620,000 after purchasing an additional 3,449,395 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Ares Capital by 8.3% in the 3rd quarter. Van ECK Associates Corp now owns 12,656,154 shares of the investment management company’s stock valued at $272,107,000 after buying an additional 975,045 shares during the period. CCLA Investment Management raised its holdings in Ares Capital by 31.6% during the 4th quarter. CCLA Investment Management now owns 2,211,955 shares of the investment management company’s stock worth $48,419,000 after purchasing an additional 531,305 shares during the last quarter. Magnolia Capital Advisors LLC bought a new stake in shares of Ares Capital during the second quarter worth approximately $9,815,000. Finally, Partners Group Holding AG boosted its stake in Ares Capital by 21.2% in the third quarter. Partners Group Holding AG now owns 1,787,401 shares of the investment management company’s stock valued at $37,428,000 after acquiring an additional 312,255 shares during the last quarter. 27.38% of the stock is owned by institutional investors.

Ares Capital Price Performance

Shares of NASDAQ ARCC opened at $22.43 on Wednesday. Ares Capital Co. has a fifty-two week low of $19.32 and a fifty-two week high of $22.43. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market cap of $14.49 billion, a price-to-earnings ratio of 8.63 and a beta of 1.00. The firm’s 50-day simple moving average is $21.82 and its 200 day simple moving average is $21.24.

Ares Capital (NASDAQ:ARCCGet Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The investment management company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). Ares Capital had a net margin of 53.71% and a return on equity of 12.06%. The firm had revenue of $755.00 million for the quarter, compared to analysts’ expectations of $770.45 million. During the same period in the prior year, the company earned $0.59 EPS. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. As a group, research analysts anticipate that Ares Capital Co. will post 2.36 earnings per share for the current fiscal year.

Ares Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 8.56%. The ex-dividend date was Friday, December 13th. Ares Capital’s dividend payout ratio is 73.85%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ARCC. Wells Fargo & Company upgraded shares of Ares Capital from an “equal weight” rating to an “overweight” rating in a report on Thursday, December 12th. StockNews.com upgraded Ares Capital from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, B. Riley increased their price target on shares of Ares Capital from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.29.

Check Out Our Latest Analysis on Ares Capital

Ares Capital Profile

(Free Report)

Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors.

Read More

Want to see what other hedge funds are holding ARCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ares Capital Co. (NASDAQ:ARCCFree Report).

Institutional Ownership by Quarter for Ares Capital (NASDAQ:ARCC)

Receive News & Ratings for Ares Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ares Capital and related companies with MarketBeat.com's FREE daily email newsletter.